ZIP CODE 77407 // HOUSTON-THE WOODLANDS-SUGAR LAND, TX // DATA AS OF 2026-09-30
Richmond, TX (77407) Rental Property Cap Rate & Cash Flow Report
Located in Fort Bend County (Richmond, TX), Zip Code 77407 ranks #302 of 500 within this selected sample (40th percentile) with a Zillow ZHVI typical home-value index of $372,531 (-3.2% YoY) and a ZORI observed market rent of $1,716/mo (+1.3% YoY). Requires at least 62.6% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,002/mo
Annual: -$12,029/yr
Modeled Cap Rate
2.84%
NOI: $10,576/yr
Cash-on-Cash Return
-14.04%
Cash Needed: $85,682
1% Rule Ratio
0.46%
Gross Yield: 5.53%
Break-Even Rent
$2,868/mo
State Tax: 1.47%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 77407 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,884/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$835/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (77407)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $331,733 | $1,620/mo | 5.86% |
| 2022 | $396,090 | $1,724/mo | 5.22% |
| 2023 | $390,022 | $1,720/mo | 5.29% |
| 2024 | $394,393 | $1,734/mo | 5.28% |
| 2025 | $384,813 | $1,693/mo | 5.28% |
| 2026 | $372,531 | $1,716/mo | 5.53% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 78666 San Marcos, TX | $309,421 | $1,418/mo | 2.81% | -$839/mo |
| 77433 Cypress, TX | $422,856 | $1,964/mo | 2.88% | -$1,124/mo |
| 78249 San Antonio, TX | $298,882 | $1,393/mo | 2.90% | -$790/mo |
| 77573 League City, TX | $383,781 | $1,744/mo | 2.77% | -$1,053/mo |
| 78045 Laredo, TX | $295,277 | $1,381/mo | 2.91% | -$776/mo |
| 77450 Katy, TX | $374,993 | $1,763/mo | 2.94% | -$978/mo |